Apache Corporation Announces Upsizing and Early Results of Cash Tender Offers for Senior Notes
According to information received from
Outstanding Prior to
|3.625% notes due 2021||037411AX3||1|
|2.625% notes due 2023||037411BD6||2|
|3.250% notes due 2022||037411AZ8||3|
|4.250% notes due 2044||037411BC8||4|
|4.750% notes due 2043||037411BA2||5|
|5.100% notes due 2040||037411AW5||6|
|5.250% notes due 2042||037411AY1||7|
(2) Excludes accrued interest, which will be paid on Notes accepted for purchase as described herein.
(3) Includes the Early Tender Premium (as defined in the Offer to Purchase) for Notes validly tendered at or prior to the Early Tender Deadline (and not validly withdrawn) and accepted for purchase.
Subject to the terms and conditions of the Offers, the consideration to be paid in the Offers for each Series of Notes (such consideration, the “Total Consideration”) validly tendered on or before the Early Tender Deadline and accepted for purchase by Apache includes an early tender premium of
The settlement date for the Notes validly tendered on or before the Early Tender Deadline and accepted for purchase (the “Early Settlement Date”) is expected to be
The deadline for Holders to validly withdraw tenders of Notes has passed. Accordingly, Notes that were tendered at or before the Early Tender Deadline may not be withdrawn or revoked, except as required by applicable law.
Each Offer will expire at
Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with
Apache’s obligation to accept for purchase, and to pay for, Notes that are validly tendered and not validly withdrawn pursuant to each Offer is conditioned on the satisfaction or waiver by Apache of a number of conditions as described in the Offer to Purchase, including the receipt by Apache of the net proceeds from the issuance of not less than
This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities, including in connection with the Financing Condition. The Offers to purchase the Notes were made pursuant to the terms of the Offer to Purchase.
Cautionary Statements and Risk Factors That May Affect Future Results
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking statements are not guarantees of performance. Actual events or results may differ materially because of conditions in our markets or other factors. Moreover, Apache does not, nor does any other person, assume responsibility for the accuracy and completeness of those statements. Unless otherwise required by applicable securities laws, Apache disclaims any intention or obligation to update any of the forward-looking statements after the date of this release. If Apache does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. All of the forward-looking statements are qualified in their entirety by reference to the factors discussed under “Risk Factors” in the Offer to Purchase and under “Forward-Looking Statements and Risk” and “Risk Factors” in Apache’s Annual Report on Form 10-K for the year ended
Those risk factors may not be exhaustive. Apache operates in a continually changing business environment, and new risk factors emerge from time to time. Apache cannot predict these new risk factors or assess the impact, if any, of these new risk factors on Apache’s businesses or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those described in any forward-looking statements. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.
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Source: Apache Corporation